Alex Huang
Cashout (BRRRR) Refi on SFH - Quit Claim Deed Sufficient?
Purchased a home that is just about finished with its rehab. The house was purchased with cash and I would like to get the cashout done ASAP so that I can leverage the money to go buy something else.Unfortunately, I m...
Vidyadhar R.
FHA lender who do not require self-sufficiency test?
Dear members, when I reached out to a lender in regards to purchasing a 3 unit MF in NJ, he ran numbers and responded that it won't pass self-sufficiency test. Is self-sufficiency rule mandatory for all FHA loans for ...
Joseph Mosby III
I'm looking to seller finance self-sufficient apartment complex
So, I'm looking to obtain an apartment complex that recently went back on the market, and I feel seller financing is my only option towards ownership at this point. On smaller properties (4 family) I've tried hard mon...
Nash Mittelman
FHA loans and the deal killing self sufficiency test
I'm a real estate agent in the bay area and have found that three and four-unit buildings with FHA loans don't ever pencil out because of the "self-sufficiency test". I'm wondering if (and where) agents or investors h...
Benjamin Cowles
Are straight options good when without sufficient buyer's list?
once a seller asked me, in other words, 'so what do ya want? I got all kinds of properties, wutcha want?' and I remember fumbling through my mental script but now I'm thinking I should have told him what my heart felt...
Zach Olmstead
Getting a loan with sufficient credit + cash, but no job
Hi BP community!This is my first post here so I wanted to introduce myself and my situation!
I just got into Real Estate Investing buying my first home last summer. My goal for this summer is to become a Real Estate ...
Derek Carson
Lending Limits: Even with sufficient capital and low DTI ratio
Hello everyone. After spending a few years following BP I've finally completed my first rehab and flip and now I'm looking at multi-family units to buy and hold.I'm wondering if anyone has run into difficulty getting ...
George Eliot
Is a CL ad sufficient to prove intent to rent?
Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
Zehua Zhou
As the solo 401k Admin, can Fidelity's account be sufficient?
I set up the solo 401k and I am the admin and trustee. I opened Fidelity's non-prototype retirement account and funded it. If I directly hold rental properties under the 401k, and only use this account for operating a...
Jonathan Cronkite
Florida Landlords: A/C: Is a wall unit with heat sufficient?
Is it legal to only have a through-the-wall a/c unit WITH HEAT that is designed for 550 sf? I'm doing minor rehab to a 988 sf house that does not have central air/heat (location: east of Orlando, Merritt Island). It ...